From the Wall Street Journal:
Business investment across the U.S. is fizzling out...
Gregory Daco, an economist at Oxford Economics, expects capital investment to remain sluggish. Domestically oriented companies will need to spend more, but weak global growth will slow investment from export-driven firms and their suppliers, he said.
“If businesses are not investing in new capital, that contribution to potential growth is falling,” Mr. Daco said. “That is one of the factors that could push us into a slow-growth environment for longer.”